intra-organization information systems • Development of financial and audit structures for strategic use of information systems • Impact of information technology on the global business community Course participants examine strategies of actual companies and identify other strategies that can be deployed to gain competitive advantage in diverse settings. The following book will support the anchoring theme: IT Strategy: Issues and Practices by James D. McKeen & Heather A. Smith‚ 2nd edition
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Case Chapter 7 Cash and Receivables 1. Petty Cash (10 min.) The petty cash fund of $200 for Walsh Company appeared as follows on December 31‚ 2008: Cash $93.60 Petty cash vouchers Freight in $21.40 Postage 40.00 Balloons for a special occasion 18.00 Meals 25.00 Instructions 1. Prepare the journal entries required to establish the petty cash fund. 2. Prepare in general journal form the entry to replenish the fund. 3. On December 31‚ the office manager gives instructions
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as the development and implementation of human resource processes to facilitate the achievement of the organization’s strategic objectives. Strategic HRM allows an organization to make informed and purposeful actions. Because of strategic HRM‚ the company now has a clear common vision of why an organization exists which enables better and more effective HRM decisions. HRM activities are now also able to expand awareness of possibilities‚ identify strength and weaknesses‚ reveals opportunities and points
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Current status of public sector accounting in Malaysia- Cash Basis Accounting Revenue is only recorded when the cash is actually exchanged for example‚ when revenue is received as cash and when expenses are actually paid. http://www.quora.com/What-are-the-differences-between-cash-basis-and-accrual-basis-accounting Why government used the cash basis of accounting? Easy to learn and carry out and requires care but no special accounting skills. Well-adapted to needs of budgetary control and payment
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ABC Electronics Ltd. – A Wrong Analysis of Consumer Behavior ABC Electronics Ltd. was a company established in 1983 by Mr. Manoj Kumar and over the years had emerged as one of the leaders in the growing segment of the electronics and home appliances market in India. Currently it has a market share of 30% of the home appliances market. Its product strategy has been to offer a wide range‚ right from mono stereo‚ two in ones and sophisticated music systems to televisions‚ refrigerators‚ washing machines
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ABC analysis (Inventory) In supply chain‚ ABC analysis is an inventory categorization method which consists in dividing items into three categories‚ A‚ B and C: A being the most valuable items‚ C being the least valuable ones. This method aims to draw managers’ attention on the critical few (Aitems) and not on the trivial many (C-items). Prioritization of the management attention Inventory optimization is critical in order to keep costs under control within the supply chain. Yet‚ in order
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UPSCsyllabus.in UPSC Combined Defence Services (CDS) The Scheme‚ Standard and Syllabus of the Examination SCHEME OF EXAMINATION: 1. The Competitive examination comprises: (a) Written examination (b) Interview for intelligence and personality test 2. The subjects of the written examination‚ the time allowed and the maximum marks allotted to each subject will be as follows: (a) For Admission to Indian Military Academy‚ Indian Naval Academy and Air Force Academy. English • • Time Duration: 2 hrs
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Control of Cash Receipts Internal control of cash receipts ensures that cash received is properly recorded and deposited. Cash receipts can arise from transactions such as collections of customer accounts‚ receipts of interest earned‚ bank loans‚ sales of assets‚ and owner investments. The two important types of cash receipts are: Over-the-Counter Cash Receipts For purposes of internal control‚ over-the-counter cash receipts from sales should be recorded on a cash register at the time of each
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ABC Foods Limited (ABC) is a leading producer of dairy products and chocolates in New South Wales and Victoria. The company produces chocolates‚ powdered milk‚ cheese and butter for both premium and mass consumption segments. ABC Foods exports 50 percent of its products to 13 countries across the world. Established a decade ago‚ the company presently commands sixth position in the domestic dairy product and chocolate confectionery market. Our Mission Our Roadmap starts with our enduring mission
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Bar code‚ RFID for tracking‚ EOQ for ordering‚ ABC for controlling‚ VMI‚ MRP‚ JIT for replenishment. ABC Analysis: “Implementing controls for large inventory systems becomes rather cumbersome because each item requires managements of order cycle and quantity. The inventory control problem is greatly simplified as only a few groups rather than many items will have to be controlled. This method is the ABC analysis.” (Odanakaa ‚ 1987) Under ABC method all items are classified based on their
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